Ohio seeing ‘larger and better’ deals as VC investment outpaces national trend

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Venture capital funds invested $373 million in 167 Ohio technology and biotech startups in 2015, a 16 percent increase over 2014 – but in fewer companies for a higher average deal size, says newly released annual research from VentureOhio.

Meanwhile Ohio-based VC funds closed the year with $296 million available to invest in young companies, a 22 percent increase over the prior year. The gain was in contrast to a 9 percent drop in available venture capital nationwide.

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Originally published July 12, 2016.